To evaluate a cryptocurrency project's long-term sustainability through tokenomics analysis, focus on key factors. First, examine the token supply: a fixed or capped supply may enhance scarcity and value, while excessive inflation can erode it. Second, assess distribution—fair allocation to stakeholders like developers, investors, and the community reduces centralization risks. Third, analyze utility—tokens with clear, practical use cases within the ecosystem (e.g., governance, staking, or payments) are more likely to retain value. Fourth, study incentive mechanisms—sustainable rewards for miners, validators, or users ensure network security and engagement without overspending reserves. Finally, review governance and adaptability—projects with transparent, flexible tokenomics can adjust to market shifts. Cross-check data from whitepapers, X posts, and web sources for consistency and red flags like hidden emissions or insider dumps.